Vehicle owners that are new to comparing rates online will discover purchasing cheap insurance coverage is very challenging.
Consumers need to shop coverage around before your next renewal because prices go up and down regularly. Even if you got the best quotes on Caravan coverage on your last policy you will most likely find a better rate today. Forget all the misinformation about car insurance because you’re about to learn one of the quickest ways to remove unneeded coverages and save money.
There are a lot of ways to shop for auto insurance, but there is one way that is more efficient than others. You can waste a few hours (or days) talking about coverages with agents in your area, or you could use online quotes to get rate comparisons in just a few minutes.
Most major companies belong to an insurance system that allows shoppers to only type in their quote data once, and at least one company returns a competitive quote determined by their information. This saves time by eliminating repetitive form submissions to each company.
To find out how much you’re overpaying now click to open in new window.
The only drawback to pricing coverage this way is you can’t choose the providers you want to price. If you wish to select specific insurance companies to request quotes from, we put together a list of auto insurance companies in your area. Click here to view list.
You can choose any of those ways to find more affodable coverage, but ensure you are comparing equivalent coverage limits with every price quote. If you have differing limits it will be nearly impossible to determine the best price for your Dodge Caravan. Just slight variations in limits can result in a big premium difference. And when price shopping your coverage, comparing all the rates in your area will increase your chances of finding lower pricing.
Insuring your fleet can be pricey, but you may find discounts that can drop the cost substantially. Certain discounts will be applied when you quote, but lesser-known reductions have to be inquired about prior to getting the savings. If you do not check that you are getting every discount available, you’re paying more than you need to.
One thing to note about discounts is that most discount credits are not given to the overall cost of the policy. A few only apply to the cost of specific coverages such as comp or med pay. Despite the fact that it seems like having all the discounts means you get insurance for free, you’re out of luck.
Some companies that possibly offer some of the above discounts may include but are not limited to:
Before buying, ask every prospective company which discounts can lower your rates. Savings might not be offered on policies in your area. For a list of insurance companies that provide some of the discounts listed above, click this link.
When choosing the right insurance coverage, there really is not a “perfect” insurance plan. Every situation is different.
Here are some questions about coverages that can aid in determining if you may require specific advice.
If you don’t know the answers to these questions but you think they might apply to your situation then you might want to talk to an agent. If you want to speak to an agent in your area, fill out this quick form.
Understanding the coverages of your insurance policy aids in choosing the right coverages and the correct deductibles and limits. The coverage terms in a policy can be impossible to understand and reading a policy is terribly boring.
Medical payments and PIP coverage – Medical payments and Personal Injury Protection insurance pay for bills such as chiropractic care, pain medications and rehabilitation expenses. They are used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. It covers both the driver and occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is not universally available but can be used in place of medical payments coverage
Liability insurance – Liability coverage protects you from injuries or damage you cause to a person or their property. It protects you from legal claims by others. Liability doesn’t cover damage to your own property or vehicle.
Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see limits of 25/50/25 that translate to a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery.
Liability coverage pays for claims such as emergency aid, attorney fees and pain and suffering. How much liability should you purchase? That is your choice, but buy higher limits if possible.
Collision coverages – Collision coverage pays for damage to your Caravan resulting from colliding with an object or car. You first must pay a deductible and then insurance will cover the remainder.
Collision insurance covers claims like hitting a parking meter, sustaining damage from a pot hole, colliding with a tree and hitting a mailbox. This coverage can be expensive, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to increase the deductible in order to get cheaper collision rates.
Comprehensive auto coverage – Comprehensive insurance pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive coverage protects against claims such as vandalism, hitting a deer, a tree branch falling on your vehicle and a broken windshield. The maximum amount your insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.
UM/UIM (Uninsured/Underinsured Motorist) coverage – Uninsured or Underinsured Motorist coverage provides protection when the “other guys” are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family and damage to your Dodge Caravan.
Due to the fact that many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea.
Cheap 2003 Dodge Caravan insurance is available from both online companies and from local insurance agents, and you need to price shop both in order to have the best price selection to choose from. Some insurance providers do not provide rate quotes online and most of the time these small, regional companies only sell coverage through local independent agencies.
Drivers switch companies for many reasons like high rates after DUI convictions, delays in paying claims, poor customer service and extreme rates for teen drivers. No matter why you want to switch, switching insurance companies can be easier than you think.
Throughout this article, we presented a lot of information how to compare 2003 Dodge Caravan insurance car insurance rates online. The key concept to understand is the more rate comparisons you have, the more likely it is that you will get a better rate. Consumers may even find the lowest car insurance rates are with some of the smallest insurance companies.
For more information, feel free to visit the following helpful articles: